We are in the midst of a credit melt down. If you don't believe it just turn on a tv , pick up a paper, or get your head out of the sand. Face it, the financial system as you know it is over. The financial markets are seized. If you don't think this affects you you're mistaken. We will see more b...
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When considering weather bottoms are in or not you should first try to understand what is driving the madness. To put it simply the market is wringing the leverage out of the market. The problem with the financial stocks is that they run highly leveraged balance sheets. Since the model is to borr...
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I honestly don't understand why anyone would want to try to bottom pick MER. I think it could easily go the way of Bear Stearns or at best get slammed more like LEH
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This is no bottom. This is only the beginning of the correction. The CDS unwind is going to have a major impact and where the damage stops is impossible to tell. CDS exposure is massive (everyone has exposure). The market is going to throw the baby out with the bathwater and even the good stocks ...
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As Jim Cramer would say Booya....or is it Boohoo? Really Jimbob, that was one of the worst calls of all time. Things aren't as bad as the seem they are worse!
This is no doubt a historic weekend. Merrill sold (at an amazing price), Lehman folds, AIG begging for Fed access. This is the bottom r...
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MER - Who wants to own MER into earnings with what happened to LEH and MS last week? You gotta be nuts to hold this stock here. I wouldn't be surprised to see it under $30 this week into earnings. Taking it long is like playing Russian Roulette. You may or may not dodge the bullet, but eventually i...
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MER - With LEH bouncing after giving mid-year bonuses, MER could get a nice bounce from the $30 area depending on the news that comes out this week. Remember, MER reports on July 17th and this could be a VERY nice sell the rumor/buy the news situation as much as I remain VERY bearish on these stocks...
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